From Financialexpress · Oliviya Kunjumon · · 1m 10s
Tonbo Imaging IPO: 71% GMP signals big gain
Tonbo Imaging India IPO gains 71% listing potential with strong subscription rates.
In brief
Tonbo Imaging India IPO gains 71% listing potential with strong subscription rates. Tonbo Imaging India's IPO shows 71% potential listing gain with 7.77x overall subscription by October 16. Originally reported by Financialexpress.
Tonbo Imaging India IPO Details
Tonbo Imaging India's IPO opened on October 15 with a subscription window closing October 19.
Subscription Rates
Overall subscription reached 7.77x by 5 pm on October 16 with NII at 14.34x and retail at 7.11x.
Grey Market Premium
GMP stands at Rs 500 indicating 71.43% potential listing gain over issue price.
Brokerage Ratings
SBI Securities recommends subscribing for long-term investment despite execution concerns.
SBI Securities Analysis
Company valued at 78.8x FY26 P/E with order book-to-sales ratio of 0.9x.
ICICI Direct Rating
ICICI Direct assigns subscribe rating citing growth opportunities in defence electronics.
Canara Bank Securities View
Canara Bank recommends subscribing for long-term investors with high risk tolerance.
Financial Details
Company raises Rs 852.18 crore through book build with 1.22 crore shares sold by existing shareholders.
Allotment Timeline
Allotment expected October 21 with listing on NSE and BSE scheduled for October 23.
At a glance
Tonbo Imaging India's IPO shows 71% potential listing gain with 7.77x overall subscription by October 16.
